University of Texas to get $60M from foundation

AUSTIN, Texas (AP) - The Houston-based Mulva Family Foundation has pledged $60 million to the University of Texas in Austin.

The gift announced Friday involves the foundation established by retired Houston oil executive Jim Mulva and his wife, Miriam. The funds will support the McCombs School of Business and the Cockrell School of Engineering.

The money will help build a new $310 million Engineering Education and Research Center, including a conference center and auditorium named for the couple.

Mulva, who's a former chairman and CEO of ConocoPhillips, earned undergraduate and graduate degrees at Texas in 1968 and 1969. He served in the U.S. Navy and was stationed in Bahrain with Bill Powers, who is now UT's president.

The Mulvas began their philanthropy to UT in 1986 with a $100 donation to the business school.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Online Public Information File

Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or fccinfo@fcc.gov.